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As an alternative to the traditional public transportation system, (urban) rail transit has many advantages such as large capacity, fast speed, tight schedule, safety and comfort, and punctuality, , and has gradually become a top choice of many cities in countering environmental pollution and optimizing traffic quality. At the same

As an alternative to the traditional public transportation system, (urban) rail transit has many advantages such as large capacity, fast speed, tight schedule, safety and comfort, and punctuality, , and has gradually become a top choice of many cities in countering environmental pollution and optimizing traffic quality. At the same time, we must also see that huge amounts of capital are required for the construction of rail transit. The traditional reliance on government investment clearly has its own limitations. The investment not only has a long cost-recovery cycle and a low rate of return, but also hardly attracts investments from the private sector. Therefore, when the government vigorously promotes the construction of a rail transit system, it is generally faced with problems such as a large funding gap and an overall financial loss. Therefore, how to establish a reasonable and efficient mode of investment and financing and further broaden the financing channels for rail transit projects is of great practical significance for improving the profitability of rail transit enterprises and realizing the sustainable development of rail transit. This thesis attempts to study the issue, in general, and further exmines a detailed case study of metro rail transit in a Chinsese city (city A), in particular.

The thesis first studies the concept and attributes of urban rail transit, and analyzes four modes and corresponding cases of urban rail transit investment and financing., It then discusses the characteristics of investment and financing of urban rail transit projects and the concept of investment and financing. Moreover, this thesis focuses on the current situation, characteristics and challenges of city A’s rail transit construction,. More specifically, it takes an in-depth look at the financial planning, investment and financing planning and the investment and financing channels products. The study innovatively puts forward three models, namely, PPP, TOD, ABS of rail transit investment and financing products. Based on the AHP decision-making method, the study shows PPP as the optimal integrated choice for city A. Finally, based on the core issues of the domestic urban rail transit project investment and financing, this thesis analyzes the rationality of the PPP model thoroughly and comes up with some managerial and policy suggestions on how to further optimize the investment and financing of the urban rail transit construction from the perspectives of the government management and the rail transit enterprises
ContributorsHu, Huihua (Author) / Gu, Bin (Thesis advisor) / Zhang, Anmin (Thesis advisor) / Zheng, Zhiqiang (Committee member) / Arizona State University (Publisher)
Created2018
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Description区块链技术应用(DApp)最早出现在数字货币交易上,也有部分DApp涉及游戏、音乐、教育、出行等场景,但是由于前几年DApp还属于新生事物,多数社会大众对其了解程度不高,加之多数DApp开发和优化的水平有限,用户体验较差,因此并没有良好的市场表现。

尽管如此, 2017年11月一款叫CryptoKitties的区块链游戏正式上线,并且在短时间之内引爆了整个区块链,游戏交易量在1个月内暴涨至1.7万。随后风险资本不断进入区块链行业,并且催生出一大批区块链DApp出来,涉及的应用场景进一步拓展到游戏、赌博、社交、金融、市场、保险、健康等领域。如何设计一套有效的治理机制,从而实现用户留存高、项目前景好,成为多数区块链DApp最为关注的问题。

本文选择CryptoKitties、Mycryptohero、Steemit和NeoWorld这四款区块链DApp作为案例研究对象,通过归纳总结发现这四款DApp都将游戏性、通证经济、社群生态和网络效应作为共同的治理方式。基于这四方面,本文对四款DApp的异同进行了跨案例比较,发现NeoWorld要比其他三款DApp在治理手段上更加丰富和合理。最后,利用136份NeoWorld玩家调查问卷数据,对游戏性、通证经济、社群生态和网络效应对其治理绩效的影响进行了实证检验,结果发现除了社群生态之外,其他三个因素都能提升NeoWorld的治理绩效。

本研究的最大创新是选择在区块链场景应用中具有代表性的4个DApp项目作为案例研究对象,通过归纳总结发现各自在治理手段上的共同之处(影响因素),并根据问卷调查数据对不同影响因素对特定Dapp治理绩效的影响程度进行实证检验,丰富了平台治理相关研究成果,也为社会各界深化认识DApp治理方式和成效,推动DApp行业生态健康有序发展提供参考和借鉴。

关键词:通证经济;社群生态;网络效应;跨案例研究;回归分析
ContributorsHe, Xin (Author) / Shao, Benjamin (Thesis advisor) / Hu, Jie (Thesis advisor) / Zheng, Zhiqiang (Committee member) / Arizona State University (Publisher)
Created2020